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congress is already bracing for its next fight. which is the debt ceiling debate. and the democrats aring sending a clear message. they plan to win that battle and they will not negotiate over the debt ceiling. both house minority leading nancy pelosi, and senate majority leader harry reid today said the president should step in and exert his executive power to win the debt ceiling fight. and senator chuck schumer said that going forward the democrats would be tough in feeling with the obstructionist republicans. >> if they realize for sure that they are not going to have a negotiating partner, they will have to find another route to bring the changes they want. >> jennifer: no negotiations, no partnership, smart thinking but perhaps the most unlikely voice of reason today was former house speaker newt gingrich. he called on house republicans to stop playing politics with the economy. newt gingrich. >> they have got to find in the house a totally new strategy. the whole national financial system is going to come into washington by television and say oh, my god this
congress is already bracing for its next fight. which is the debt ceiling debate. and the democrats aring sending a clear message. they plan to win that battle and they will not negotiate over the debt ceiling. both house minority leading nancy pelosi, and senate majority leader harry reid today said the president should step in and exert his executive power to win the debt ceiling fight. and senator chuck schumer said that going forward the democrats would be tough in feeling with the...
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you recall that in december 2011 the 100th of congress in days in the debt ceiling debacle, i was just talking about. the fact of the matter is, that debacle resulted in the first-ever downgrade of this country's credit rating. just a reminder, in three weeks surrounding that fight the dow jones industrials lost, are you ready, 2,000 points on the dow. now, the republicans to attempted to do that again because it would make a point that the president, i'm begging right now, i'm begging you, come up with a different way to make your point and to seize the moment and prevail. be innovative, clever, creative, but don't mess with the debt ceiling. i'm telling -- begging you. to summarize, the legacy is nothing, zero, not. and let it please, there is something of a flashy morning for the 113th congress. please, be wise, careful, thoughtful before we head into another debt ceiling debate which history has taught all of us that you will lose in just about two months. please, be creative, thoughtful. republicans are also warning about what they're going to do about spending as well as the debt
you recall that in december 2011 the 100th of congress in days in the debt ceiling debacle, i was just talking about. the fact of the matter is, that debacle resulted in the first-ever downgrade of this country's credit rating. just a reminder, in three weeks surrounding that fight the dow jones industrials lost, are you ready, 2,000 points on the dow. now, the republicans to attempted to do that again because it would make a point that the president, i'm begging right now, i'm begging you,...
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nation's debt ceiling. geithner is the only remaining original member of president obama's economic team. the federal reserve is looking to end its bond buying programs this year, but there's no agreement as to when. minutes of the central bank's december meeting released today, show division among policymakers about when to stop the strategy. the federal reserve has been buying $85 billion worth of government mortgage-backed bonds per month in its effort to drive down long term interest rates. some on the fed want to stop, "well before the end of 2013." that sent stocks lower, the dow closed down 21 points, the nasdaq lost almost 12, and the s&p fell three points. >> susie: jobs were also a big topic for investors today. american companies stepped up hiring in december according to a private payrolls report. a.d.p. says 215,000 jobs were added to private payrolls last month, it also revised its november numbers higher. tomorrow we'll get a more complete picture of the job market when the government release
nation's debt ceiling. geithner is the only remaining original member of president obama's economic team. the federal reserve is looking to end its bond buying programs this year, but there's no agreement as to when. minutes of the central bank's december meeting released today, show division among policymakers about when to stop the strategy. the federal reserve has been buying $85 billion worth of government mortgage-backed bonds per month in its effort to drive down long term interest rates....
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nation's debt ceiling. geithner is the only remaining original member of president obama's economic team. the federal reserve is looking to end its bond buying programs this year, but there's no agreement as to when. minutes of the central bank's december meeting released today, show division among policymakers about when to stop the strategy. the federal reserve has been buying $85 billion worth of government mortgage-backed bonds per month in its effort to drive down long term interest rates. some on the fed want to stop, "well before the end of 2013." that sent stocks lower, the dow closed down 21 points, the nasdaq lost almost 12, and the s&p fell three points. >> susie: jobs were also a big topic for investors today. american companies stepped up hiring in december according to a private payrolls report. a.d.p. says 215,000 jobs were added to private payrolls last month, it also revised its november numbers higher. tomorrow we'll get a more complete picture of the job market when the government release
nation's debt ceiling. geithner is the only remaining original member of president obama's economic team. the federal reserve is looking to end its bond buying programs this year, but there's no agreement as to when. minutes of the central bank's december meeting released today, show division among policymakers about when to stop the strategy. the federal reserve has been buying $85 billion worth of government mortgage-backed bonds per month in its effort to drive down long term interest rates....
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country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and royalty in the same sentence. but tonight i am reporting on the king of maine. that would be angus king, near republican or democrat, officially independent. a former two-term governor, he promised a new approach. and it paid off. >> i do. >> my favorite line from the campaign is a guy up north who said "all my life i've wanted a chance to vote for none of the above and you're it." >> it's been difficult to envision this day when i would be saying farewell -- >> reporter: king is replacing olympia snow, a respected republican senator who quit in frustration over washington's deadlocked ways. >> she said, i can't make it work.
country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and...
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the bottom line is congress incurs bills, they have to be paid, and the debt ceiling is not going to be a component of these negotiations. >> so now president and the democrats need to make sure that they hold the line. liberals want him to do just that. president obama already has a mechanism in place to engage americans. he can go directly to the american people. the president already plans to use the bully pulpit of his state of the union address to make the case. he's also pushing forward with other reforms like immigration. administration officials do not want the president's second term to be sidelined by a financial brawl. but while the president engages republicans on other legislative agendas, the country needs to stay invested in this economic fight on capitol hill. democrats and progressives, they know this fight. they did it well in the 2012 campaign. they fought hard during the fiscal cliff fight and won that. clearly. this is basically the start of a new campaign. if you don't stay focused, if we don't stay focused, if we don't make sure that everybody in this country k
the bottom line is congress incurs bills, they have to be paid, and the debt ceiling is not going to be a component of these negotiations. >> so now president and the democrats need to make sure that they hold the line. liberals want him to do just that. president obama already has a mechanism in place to engage americans. he can go directly to the american people. the president already plans to use the bully pulpit of his state of the union address to make the case. he's also pushing...
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we had no debt ceiling. >> congress every few years, every two or years was forced to raise the debt. last time it was a big deal. >> it has been for a while now. even president obama voted against raising the debt. >> that was shameful. he now said he regrets that. i'm with you. he should have never cast that vote. america must pay its bills. those are not obama's debts. >> if the president holds to what he is saying, i am not negotiating and the republicans are not going to raise it unless we come up with spending cuts equal to the debt ceiling. what happens? >> the republicans may cause the country to default. they have the power and do control half of the congress and they have enough votes to block anything. i think it's disgraceful and the president is doing all he can to run the only super power on god's earth. somewhat optimistic. they seem to want to destroy the economy. . >> the will of the people, the american people believe that this government is too big and it spends too much and taxes too much. it's $16 trillion in debt. if the president ignores that problem, he does so
we had no debt ceiling. >> congress every few years, every two or years was forced to raise the debt. last time it was a big deal. >> it has been for a while now. even president obama voted against raising the debt. >> that was shameful. he now said he regrets that. i'm with you. he should have never cast that vote. america must pay its bills. those are not obama's debts. >> if the president holds to what he is saying, i am not negotiating and the republicans are not...
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then you have the debt ceiling bill which runs smack into a government shutdown potential. those are the -- those are the big issues coming up in january and february. what do you want boehner to do? is it right for your and caucus that boehner stay out of the negotiations with obama? that's what he pledged. he wanted to pick up conservative votes as bob costa said. is that what you want him to do? >> well, that's his decision. what i want to make sure we do is if he does go into negotiations, this is critical for any negotiation, you have to be willing to walk away from the table. and then you can start moving things in a more conservative direction. and we can start controlling spending. look, we can raise the debt ceiling, not raise the debt ceiling. our credit rating will get downgraded. what we have to do if we want to do the right thing for our country is control spending that's what i ran on. that's what i'm intending to do representing the first district of oklahoma. >> all right. how about no more tax hikes in the house? that's one of the things -- >> i'm for it. >
then you have the debt ceiling bill which runs smack into a government shutdown potential. those are the -- those are the big issues coming up in january and february. what do you want boehner to do? is it right for your and caucus that boehner stay out of the negotiations with obama? that's what he pledged. he wanted to pick up conservative votes as bob costa said. is that what you want him to do? >> well, that's his decision. what i want to make sure we do is if he does go into...
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the new congress faces another looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long
the new congress faces another looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right....
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of the way republicans acted around things like the debt ceiling, that in the end president obama was re-elected with a quite large margin and democrats got more votes in the senate and even in the house despite the fact that they didn't win back control of the majority due to redistricting and the apportionment of house districts nationwide. if the overarching strategy was to have nothing happen in washington and have people take it out on the democrats, that didn't work out for them. >> take for instance the fiscal cliff situation, we have a short-term fix. that you would attribute to the obstructionism in the house that he faced, wouldn't you? >> the fiscal cliff was constructed at least in part by the 112th, but again it didn't work out very well for them. nobody got a big deal. but at this point in time we'll see how the next deal turns out, president obama and the democrats got $630 billion in revenue and there was not a spending cut added. of course, to that ledger you need to add the 2011 budget control act which included more than a trillion dollars in spending cuts but there
of the way republicans acted around things like the debt ceiling, that in the end president obama was re-elected with a quite large margin and democrats got more votes in the senate and even in the house despite the fact that they didn't win back control of the majority due to redistricting and the apportionment of house districts nationwide. if the overarching strategy was to have nothing happen in washington and have people take it out on the democrats, that didn't work out for them. >>...
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as well as congress to production before we can have agreement to raise the debt ceiling. host: i could be the entire piece by eugene robinson, but i will share the first sentence. critical.s clearly i understand that solutions by nature are imperfect. but the reality is we have got to do these things that we are talking about. we need to do it in a thoughtful, open, transparent way, not. at the last not i think that is what he's referring to. when you do it up against these deadlines, a way to do business. we talked about it earlier. i hope that running into the deadline on the fiscal cliff is something that congress will take into account as we work on the debt ceiling agreement and that we can get it done before the deadline. remember, you have talked about how president obama, speaker boehner will approach these things, we've got to have people talking to each other and we've got to get to solutions before the 11th hour to avoid that. that is absolutely what we can do. host: we agreed to the debt ceiling limit, 16 $0.40 trillion -- $16.4 trillion, up in the last hours.
as well as congress to production before we can have agreement to raise the debt ceiling. host: i could be the entire piece by eugene robinson, but i will share the first sentence. critical.s clearly i understand that solutions by nature are imperfect. but the reality is we have got to do these things that we are talking about. we need to do it in a thoughtful, open, transparent way, not. at the last not i think that is what he's referring to. when you do it up against these deadlines, a way to...
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debt ceiling. over making sure america can pay its bills this is something that's up to congress and we certainly expect to see the other fight. >> let's talk about the fight over the sandy aid bill. it seems as though this is moving forward. what they are voting on today is a different version. spin it to me. >> the senate passed the larger measure. the house will break it up to two pieces. today, they will vote just on the part for the national flood insurance program. over $9 billion. $9. 7 billion in borrowing authority. fema said the national flood insurance program will run out of money to pay claims starting sometime next week. very close. the victims of superstorm sandy want to be able to see that money come in. congress has -- the house wants to be voting later this morning. sometime late morning, we expect that to pass and later this month on january 15th this he will take up more general aid to those victims. >> thank you. >> thanks. >>> five minutes past the hour. the last official act
debt ceiling. over making sure america can pay its bills this is something that's up to congress and we certainly expect to see the other fight. >> let's talk about the fight over the sandy aid bill. it seems as though this is moving forward. what they are voting on today is a different version. spin it to me. >> the senate passed the larger measure. the house will break it up to two pieces. today, they will vote just on the part for the national flood insurance program. over $9...
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they have to vote to raise the debt ceiling in late february, early march. lot of big fights coming up. >> athena jones thank you so much. >> i think the headline on the speaker's victory yesterday should be house republicans punish john boehner, elect him speaker. this is not a job easy to do. i was watching him crying, to have the job for two more years to have the only central republican power in washington is tough. >> one person voted for eric cantor and at the time he is reported to put his head down and shook his head. >> that was the reaction on the house side but the drama, on the theater side, joe biden, man that guy was in his element with kids there at the ceremonial swearing in. at one point he comforted this small child who was a bit overwhelmed. >> it turns out this daughter was the child of ted cruz, freshman senator from texas. >> we'll do a dramatic re-enactment right now. ted cruz' baby, senator biden says let me pick up your baby, the baby starts crying. >> okay, we have it. your explanation was great. >> give him a hug. >> it's a democra
they have to vote to raise the debt ceiling in late february, early march. lot of big fights coming up. >> athena jones thank you so much. >> i think the headline on the speaker's victory yesterday should be house republicans punish john boehner, elect him speaker. this is not a job easy to do. i was watching him crying, to have the job for two more years to have the only central republican power in washington is tough. >> one person voted for eric cantor and at the time he is...
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now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity measures and governments pull back not so good for economic growth. when we say we want to fix the debt and deficit we have to be careful how soon and how quickly it occurs. >> kind of like after the holidays when you are feeling a little heavy you have to keep eating but you have to be a little more careful. >>> so jill gave us that news. i have other news for you, too. republicans attacking their own after speaker boehner refuses to hold a vote for aid for victims of superstorm sandy. today the vote. my next guest says this fight is a
now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity...
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addressing a variety of contentious issues including the debt ceiling and the sequester. in washington jennifer davis, fox news. >>> here we go, the redskins take the field sunday against seattle. cornerback d'angelo hall will not have to worry about running into that ref who talked him out of a game earlier this season. headlinesman dana kinsey was set to be assign to the skins/seahawks game. you may remember this one. mckenzie got into a heated exchange when the redskins played pittsburgh in october. mckenzie ejected hall from the game. meantime the team continues to prepare for the seahawks and one of the team's coaches is getting some buzz around the league. >> while redskins fans enjoy their first division championship since 1999 and a home playoff game in sunday, seven head football coaches and five general managers were fired this week in the nfl. when that happens, names of potential candidates get thrown into the ring as replacements. one of the names mentioned was skins offensive coordinator kyle shanahan. kyle has been instrumental in the rise of robert griffin
addressing a variety of contentious issues including the debt ceiling and the sequester. in washington jennifer davis, fox news. >>> here we go, the redskins take the field sunday against seattle. cornerback d'angelo hall will not have to worry about running into that ref who talked him out of a game earlier this season. headlinesman dana kinsey was set to be assign to the skins/seahawks game. you may remember this one. mckenzie got into a heated exchange when the redskins played...
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is set to hit the debt ceiling in about two months and the big question will the new congress do better with deadlines than the old once. i will give you an answer and my next guest is cautiously optimistic. here is allison frazier, from the heritage foundation. allison, thanks for joining us. you're cautiously optimistic. what the heck is that based on because i don't think there is any optimism when you're talking about congress? >> i think we have a breathe a little sigh of relief we made it through the fiscal cliff and very disappointed we had a major tax hike and we didn't go over the cliff and nothing really, really bad happened. i totally does agree on the need for the tax hike. the simple fact that obama campaigned on it. he campaigned on a balanced approach. he got it. he got his tax hike. it is time to close the books on that. and what he now must deliver is the balance to his balanced approach in the form of spending cuts. that is why i am cautiously optimistic we will have some progress on that. ashley: you know, that is interesting because during the tax hike debate there w
is set to hit the debt ceiling in about two months and the big question will the new congress do better with deadlines than the old once. i will give you an answer and my next guest is cautiously optimistic. here is allison frazier, from the heritage foundation. allison, thanks for joining us. you're cautiously optimistic. what the heck is that based on because i don't think there is any optimism when you're talking about congress? >> i think we have a breathe a little sigh of relief we...
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ceiling. >> reporter: in late february they will exhaust as measures to avoid the fiscal cut. in march out spending cuts take effect. and later the congressional f d funding resolution currently funding the government expires. they don't plan to say anything more about the timing of geithner's departure until after his successor is nominated. now, the leading candidate to replace geithner is white house chief of staff jack lew who was the former director of the office of management and budget. white house sources tells cbs news that the white house hasn't made that decision yet and he's likely to make other cabinet announcements first. >> thank you. let's bring in chief washington correspondent and host of "face the nation" bob schieffer. good morning. >> good morning, norah. >> we just heard about geithner leaving as treasury secretary and all the fiscal fights ahead of us. how does that affect things? >> i think that's going to make it harder if that's possible. geithner will not be there. there will be arguments over fiscal policy that will weigh in to the confirmation of w
ceiling. >> reporter: in late february they will exhaust as measures to avoid the fiscal cut. in march out spending cuts take effect. and later the congressional f d funding resolution currently funding the government expires. they don't plan to say anything more about the timing of geithner's departure until after his successor is nominated. now, the leading candidate to replace geithner is white house chief of staff jack lew who was the former director of the office of management and...
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debt ceiling, federal spending, sequester. you thought it was over, it's not over. >> this head of hair will be completely gray. so will yours, i'm sure. >> so will mine. >> any rising stars in this new congress? >> sure. everyone always talks about who will be the next, who is going to replace boehner. nobody wants his job. eric cantor. who wants his job? nobody. yes, there are rising stars, but nobody wants that job yet. >> mike, thank you so much. >> thank you. >> tony, over to you. >>> thank you both. still ahead this hour, proposal worthy of the stars. it's 7:40. we'll be right back. >>> you could say the force is strong with this couple. after six years of dating, star wars creator george lucas has asked his girlfriend for her hand in marriage. she is a chairman at dreamworks animation, and the president of a big investment firm. it will be the second marriage for the 68-year-old director. >> you. i know melody from my time at "good morning america." she used to come in and give financial advice and all that kind of
debt ceiling, federal spending, sequester. you thought it was over, it's not over. >> this head of hair will be completely gray. so will yours, i'm sure. >> so will mine. >> any rising stars in this new congress? >> sure. everyone always talks about who will be the next, who is going to replace boehner. nobody wants his job. eric cantor. who wants his job? nobody. yes, there are rising stars, but nobody wants that job yet. >> mike, thank you so much. >> thank...
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honestly, if congress continues to push the political crises where we go into another debt ceiling crisis, it is possible it could still be derailed. if there is not a giant political crisis, there should be good reason to think that jobs will pick up in 2013. host: marilyn geewax for a long sr. business editor for npr. our line for unemployed. caller: do you think that allowing companies -- i know the government cannot do much in a way of drafting policy or legislation that prevents companies from using a backdrop checks and credit history cannot hire people -- i will be honest with you. -- do not hire people -- i will be honest with you. in our current situation, maybe doing something in the way of incentivizing companies to hire people with these histories, with and that helped to bring these unemployment numbers up? -- wouldn't that help to bring these unemployment numbers up? guest: to have touched on a big issue here. there are a lot of people -- we have got 3.6 million job openings right now. there are lots of jobs that could be filled, if people have the right training or the righ
honestly, if congress continues to push the political crises where we go into another debt ceiling crisis, it is possible it could still be derailed. if there is not a giant political crisis, there should be good reason to think that jobs will pick up in 2013. host: marilyn geewax for a long sr. business editor for npr. our line for unemployed. caller: do you think that allowing companies -- i know the government cannot do much in a way of drafting policy or legislation that prevents companies...
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honestly, if congress continues to push the political crises where we go into another debt ceiling crisis, it is possible it could still be derailed. if there is not a giant political crisis, there should be good reason to think that jobs will pick up in 2013. host: marilyn geewax, sr. business editor for npr. our line for unemployed. caller: do you think that allowing companies -- i know the government cannot do much in a way of drafting policy or legislation that prevents companies from using a background checks and credit history do not hire people -- i will be honest with you. in our current situation, maybe doing something in the way of incentivizing companies to hire people with these histories, wouldn't that help to bring these unemployment numbers up? guest: you have touched on a big issue here. there are a lot of people -- we have got 3.6 million job openings right now. there are lots of jobs that could be filled, if people have the right training or the right resumes. let's say that your credit history is bad. that works against you. they cannot get into these millions of open j
honestly, if congress continues to push the political crises where we go into another debt ceiling crisis, it is possible it could still be derailed. if there is not a giant political crisis, there should be good reason to think that jobs will pick up in 2013. host: marilyn geewax, sr. business editor for npr. our line for unemployed. caller: do you think that allowing companies -- i know the government cannot do much in a way of drafting policy or legislation that prevents companies from using...